Commerce Bank Increases Stock Position in Capital One Financial Co. (NYSE:COF)

Commerce Bank lifted its holdings in Capital One Financial Co. (NYSE:COF) by 1.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 339,525 shares of the financial services provider’s stock after acquiring an additional 5,500 shares during the quarter. Commerce Bank’s holdings in Capital One Financial were worth $60,544,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Capital One Financial by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider’s stock worth $5,660,736,000 after purchasing an additional 234,863 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Capital One Financial by 3.2% during the fourth quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider’s stock valued at $1,911,387,000 after purchasing an additional 331,595 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Capital One Financial by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider’s stock worth $1,467,393,000 after purchasing an additional 207,427 shares in the last quarter. FMR LLC grew its stake in shares of Capital One Financial by 21.6% in the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock worth $1,440,449,000 after buying an additional 1,436,935 shares during the last quarter. Finally, Invesco Ltd. increased its position in Capital One Financial by 38.7% during the 4th quarter. Invesco Ltd. now owns 4,117,444 shares of the financial services provider’s stock valued at $734,223,000 after buying an additional 1,148,443 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Price Performance

NYSE COF opened at $162.77 on Friday. The stock has a market cap of $62.09 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 1.19 and a beta of 1.24. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $210.67. The company’s 50 day moving average is $178.90 and its two-hundred day moving average is $179.28. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the firm posted $2.81 EPS. Capital One Financial’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, research analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.47%. Capital One Financial’s dividend payout ratio is 20.71%.

Analyst Upgrades and Downgrades

COF has been the topic of a number of recent research reports. Barclays increased their target price on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Royal Bank of Canada set a $190.00 price objective on shares of Capital One Financial and gave the company a “sector perform” rating in a research report on Monday. Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $207.00 to $235.00 in a report on Wednesday, February 19th. Baird R W upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Finally, Wells Fargo & Company boosted their price objective on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and an average target price of $206.07.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.